 Welcome folks, this is Tom O'Brien of TFNN. We have five days a week, we go seven hours a day, we go 24 hours a day on the internet at tfnn.com. Always remember folks, whatever you think about, you bring about whatever. You focus on growth, hope everyone's having a great day, safe day, let's make it a great week folks. Don't make assumptions, learn to ask questions. It's always better to ask questions than to make assumptions. Have the courage to ask questions into you as clear as you can be. Once you hear the answer to that question, you won't have to make the assumption because you will know the truth. Nugget wise, let's take a look at it out here. We have the Dow Industrial's up 15, Nasdaq up five and a half, S&P's up four and a half. Gold, gold contract down $3.20 straightened at 18.51 an ounce. We have silver down 14 cents, $21.09 an ounce, light sweet crude up 87 cents, $80.56 a barrel, notes and bonds, a 10-year note, down two ticks, trading at a price point of 111 flat, the 30-year down seven at 124.21 and King dollar. King dollar right now trading up down 171 ticks at 104.349, the yen is trading at 136, the pound is at 102, 106 rather, and the British pound is at 120 to one US dollar. iPhone number's 877, 9276648, it was called folks, one note's going on in your world and the world of the S&P's, let's take a look at them. Can you say a setup for an ABC structure down folks? Well, that's where I'm going with this whole deal. So check it out. If we take a look at where we're going here, right? First we just do the retracement, what you're gonna see the S&P, you know, it was slightly less than a 0.618. That being said, the contraction of volume out here is pretty amazing out here today. So right now you got 51 million shares and Friday we did 90 million and you're going into 89 million. This setup here, by the way, okay, if you get an ABC down, you got a failure in price and volume out here today, this setup will bring you right down to the low swing point of this 374. That's how that's set up and that's a high volume low of 374. And I suspect what's gonna happen here is that this is gonna be all about Powell. Powell is in front of the Senate tomorrow and then in front of the House on Wednesday. And what happens here, this is done once a year folks, okay, yes, the report to Congress and bottom line is that they go through a huge amount of questions and I suspect what he's gonna be talking about is that it's gonna be higher for longer and that market is gonna not dig it. We're gonna take a look at the, so that's, I put the queues up first, oh, the queues, okay, let's do the queues. So the queues, this is pretty amazing, the queues folks, they did it to the, like, right to the number, man, it did a .618. Same setup in the queues, the queues are gonna have a huge contraction of volume out here today. You give up in price, I don't expect these to come back today. Right now, you're at 42 million shares. On Friday, you did 60 million shares and you're going into 59 million shares. So bottom line, let's go into the futures and take a look at the futures and try to figure out, you know, it's not that there's a lot of down drafts out here either today. When we bring up the futures, you can kind of see what I'm talking about here. So you can see, oh, that's subtle, oh, interesting. Okay, so watch this, that being said, when I was just talking and yapping right there, what you just did have, this bar here just had an expansion of volume. The bar, as soon as I, three to three, 10. So that's gonna get back down to the number one and that's a 4051 and right now you're at 4057. Now let's go into the end queues. Take a look at the end queues. Stretch this out a little, same setup, man, same setup. So this is, you get 60 minutes to sell. This is gonna get interesting. I don't think it's gonna be a vicious pullback here. You can see what the S&P has done, the S&P's kind of gone sideways for the last 20, 30 minutes. The NASDAQ, however, basically went lower but we'll see what it shakes out. I don't expect buyers to come in, that's the real bottom line. Why? Because you're already gonna fail here on price and volume and even when you're a bull or a bear, you're gonna wanna hear what he has to say because what does happen is this, folks, okay, is that the first day is where most of the information is gonna come out. Now what does end up happening is that the senator's first tomorrow and then the representatives will be able to ask him huge amounts of questions but most of the time what you're gonna get out of it is the first hour to hour and a half. He's gonna come in first with the whole speech, that speech will get published approximately 15 to 20 minutes before he starts the speech. Then you can expect high volatility, that's the bottom line. We go to the gold contract, we take a look at the gold contract. What you're looking at gold is that gold last week, so what we had is this, gold came off the November 8th sign of strength, okay, goes back there first, comes off there and it come off in pretty good volume. Especially the second day off it and then Friday wasn't that big. That's the real bottom line. So today out here, you get a sideways move. Now the sideways move and Loa is actually with light volume which is a bullish indication. So my take is that we're gonna actually come back down and retest that area and the reason that I'm saying that is I suspect what the retest is all about is that what we're gonna get is that this good old U.S. dollar, oh yeah, let me go to the bonds first because the bonds are the number. What the bonds had done, the 10 year had done 100% move from move. What that means is that you start out at one point, the bottom line, start out at 1108, this goes all the way back to October, goes all the way up to 116, 28, back down on Thursday to 11012 and now you get a failure in price and volume today and it's a monster, man. I mean, we had gone up to 111.17, we're at 111. You only got 1.1 million contracts. That also more than likely is setting up another ABC structure on the way down. We get over to the dollar and we take a look at the dollar. But yeah, with the dollar, that 106 to 107 is still game in spades. We've gone sideways for about 10 days right now and I think what that's gonna be all about is that the Fed's gonna, Powell's gonna say, hey, you know, inflation's lasting longer, you know, inflation's not going away, folks. I mean, it blows my mind that, you know, people think it can go away in a year. Yeah, it's not even close, man. It took us a long time to get here. It just doesn't disappear. Dow, Dow Industries right now up nine, Nasdaq is down two, S&P's up two and a half, come right back.